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2018 (10) TMI 980 - Tri - Insolvency and BankruptcyCorporate insolvency process - Held that:- This Petition clearly reveals that there is a debt as defined in Section 3(11) of IBC read with Regulation 7 of CIRP Regulation, also there is default in this case within the meaning of Section 3(12) of IBC and the corporate debtor having named the Interim Resolution Professional with his consent, there being no disciplinary proceedings against the IRP, this Bench hereby admits this petition filed under Section 9 of IBC, declaring moratorium.
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